Economists responded to the Queen’s question with denial of institutional failure.

Evidence

In one high-profile case, the Queen of England felt impelled to query the economists at the LSE in November 2008 as to why no one in the profession had warned of the crisis. After a fluster of indecision, the economists at the British Academy wrote back to the monarch suggesting she was mistaken: they had been on top of events all along, although there may have been a wee failure of imagination. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 442

Categorization

• XREF: connects to: Economists defended failed prediction by asserting contradictory claims at once — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 697; Economists responded to the 2008 crisis by manufacturing doubt and delay rather than clarity. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 637; Mainstream economists defended their failure by calling crises tautologically unpredictable. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2190 (+2 more)

Broader Connections

• Economists defended failed prediction by asserting contradictory claims at once #exemplifies (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 697
• Mainstream economists defended their failure by calling crises tautologically unpredictable. #expands (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2190
• Economists actively denied the crisis, not merely failed to predict it. #expands (0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2180
• Economists responded to the 2008 crisis by manufacturing doubt and delay rather than clarity. #expands (0.70) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 637
• Economists manufacture simplified crisis narratives blaming government to preserve public trust #complicates (0.70) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 841